29/09/2026
LOAN INFORMATION — KNOW BEFORE YOU BORROW
Taking a loan is a financial commitment. Before applying, understanding the basics can help you make an informed decision.
1. 📊 CHECK YOUR CREDIT PROFILE
Your CIBIL/credit history reflects your past repayment behaviour and may be considered by lenders while assessing a loan application.
2. 💰 COMPARE THE COMPLETE COST
Don’t compare only the interest rate. Check:
Interest rate & type
Processing fee
Legal/technical charges
Insurance, where applicable
Prepayment/foreclosure charges
Other applicable fees
3. 🧮 UNDERSTAND EMI & TENURE
A longer tenure can reduce the monthly EMI, but may increase the total interest payable. Choose repayment terms according to your income and cash flow.
4. 📑 CHECK YOUR ELIGIBILITY
Lenders may consider income, existing liabilities, credit history, age, employment/business profile, property details, and repayment capacity.
5. 🔍 READ THE LOAN DOCUMENTS
Before signing, understand the sanction letter, loan agreement, repayment schedule, interest reset terms, security/collateral requirements, and applicable charges.
6. ✅ BORROW RESPONSIBLY
Borrow an amount that you can comfortably repay. Keep sufficient financial reserves for unexpected expenses.
IMPORTANT
Loan approval, interest rates, tenure, fees, and eligibility are subject to the respective lender’s policies and the applicant’s financial profile.
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